MU 968: In the past 24 hours it’s up 3.57%. The price is sticking to the intraday high at 968.88. The 15-minute dual moving averages are both firmly beneath it— the trend looks quite convincing. But the order book is fighting the price: there are 145 sell orders on the 20-deep book versus only 37 buy orders. The sell pressure is nearly 4 times the buy side—there’s a wall sitting overhead.
As the price rises, the “hard money” is pulling out. The proportion of aggressive buys is 49.8%, slipping below the 50/50 balance. In the past 7 hours, the aggressive order flow has also shrunk by 28.78%. Spot big-order inflows are absent—there’s no sign of incremental capital. The whales are clearer still: the long-vs-short ratio on accounts fell by 10.45% over 7 hours, and the long-vs-short position ratio also dropped by 5.27%. This group that previously held roughly 60% long is taking advantage of the push higher to reduce exposure. Futures open interest is increasing, yet the funding rate is only a little above 0.01%. Everyone entering looks like follow-through orders—nobody is willing to pay a premium to accumulate.
So this move isn’t a breakout; it’s a momentum “top-chasing” push. The sell wall up ahead—about four times in strength—keeps capping the top. Aggressive net sells dominate, and the leading longs are withdrawing. The 968–970 zone can’t hold.
If going short: first target 950. If that breaks, watch 942. Stop loss at 973.
Reversal conditions: aggressive buy proportion rebounds to 53% or higher, the sell wall is eaten with real money, and price can trade with volume above and hold 973. I’ll admit my mistake and exit. #mu $MU
As the price rises, the “hard money” is pulling out. The proportion of aggressive buys is 49.8%, slipping below the 50/50 balance. In the past 7 hours, the aggressive order flow has also shrunk by 28.78%. Spot big-order inflows are absent—there’s no sign of incremental capital. The whales are clearer still: the long-vs-short ratio on accounts fell by 10.45% over 7 hours, and the long-vs-short position ratio also dropped by 5.27%. This group that previously held roughly 60% long is taking advantage of the push higher to reduce exposure. Futures open interest is increasing, yet the funding rate is only a little above 0.01%. Everyone entering looks like follow-through orders—nobody is willing to pay a premium to accumulate.
So this move isn’t a breakout; it’s a momentum “top-chasing” push. The sell wall up ahead—about four times in strength—keeps capping the top. Aggressive net sells dominate, and the leading longs are withdrawing. The 968–970 zone can’t hold.
If going short: first target 950. If that breaks, watch 942. Stop loss at 973.
Reversal conditions: aggressive buy proportion rebounds to 53% or higher, the sell wall is eaten with real money, and price can trade with volume above and hold 973. I’ll admit my mistake and exit. #mu $MU
